Japan utility: No money to develop renewables

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TOKYO (AP) — The head of the Japanese utility that owns the tsunami-hit Fukushima nuclear power plant said Thursday that he believes nuclear power should be part of the country’s energy mix, even though the government and the public seem to feel differently.

Naomi Hirose, president of Tokyo Electric Power Co., also said the utility can’t afford to invest in alternative energy since the earthquake-tsunami crisis last year that wiped out the Fukushima Dai-ichi plant and caused extensive radioactive meltdowns that took months to control.

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